Valhallan

Franchise agreement

Franchisee shall maintain its books and records, and provide all statements and reports to Franchisor, using the standard statements, templates, categories, and chart of accounts that Franchisor provides to Franchisee.

Item 11

You must provide us with independent access to your Computer System in the form and manner that we may request.

Franchise agreement

Franchisee shall maintain and submit such statements and reports to Franchisor at the times as Franchisor may designate or otherwise request.

Item 8

Our parent and/or affiliates are currently required suppliers of specific items as described further below.

Item 11

We reserve the right to change our specifications in the future to take advantage of technological advances or to adapt the system to meet operational needs and changes.

Item 8

As we began offering franchises as of the date of this Disclosure Document, neither we nor any affiliates received any revenue as the result of required purchase or leases by our franchisees in our last fiscal year.

Item 8

We and/or our affiliates reserve the right to receive rebates, payments or other compensation from suppliers on account of the suppliers’ dealings with us, you, or other Valhallan Centers and Studios in the System.

Item 8

We estimate that approximately 80% to 90% of your purchases or leases to start and operate your Franchised Location will be made from us, approved or designated suppliers or in accordance with our specifications.

Item 6

You must pay us an evaluation fee not to exceed the reasonable cost of the evaluation and testing.

Item 8

If you desire to purchase unapproved products (except for Proprietary Products, which are discussed below) or Required Items from other than approved suppliers, you must submit to us a written request to approve the proposed product or supplier, together with such evidence of conformity with our specifications as we…

Franchise agreement

Franchisee hereby authorizes Franchisor to instruct issuers of any telephone and internet domain name services, and other providers to transfer any such telephone numbers, domain names, Websites, social media accounts, addresses, and any other identifiers to Franchisor upon termination of this Agreement, without need…

Franchise agreement

Franchisee shall participate in all customer surveys and satisfaction audits, which may require that Franchisee provide discounted or complimentary products or services, provided that such discounted or complimentary sales shall not be included in the Net Sales of the Franchised Center.

Item 6

We may ourselves, or through an independent service, conduct inspections or a “mystery customer” quality control and evaluation program.

Item 11

Our Manuals contain a total of 291 pages. (Franchise Agreement, Section 10)

Item 11

We will approve or deny your proposed site for each Franchised Location.

Item 7

You must spend a minimum of $8,000 on this advertising.

Item 11

Each month, you must spend the greater of (i) three percent (3%) of your Net Sales for the preceding month or (ii) $500 on local advertising and promotion.

Item 8

You must purchase all additional products and other Required Items solely from manufacturers, distributors, and suppliers who demonstrate to our continuing reasonable satisfaction the ability to meet our standards and specifications, who possess adequate quality controls and capacity to supply your needs promptly and…

Item 8

We may designate a single supplier, which may be us or one of our affiliates, for any products, equipment, supplies, or services, in which event you must purchase such items exclusively from the designated supplier.

Item 8

You must obtain all billing and payment processing services from these companies.

Item 6

You must establish an arrangement for electronic funds transfers (“EFT”), as well as authorize us to charge your credit card with all amounts due to us and our affiliates, including, the signing of our current form of pre-authorized debit agreement and credit card authorization, copies of which are attached to the…

Franchise agreement

Franchisee shall be responsible for having all personnel employed by Franchisee wear standard related uniforms and attire during business hours in order to further enhance Franchisor’s product and format.

Franchise agreement

Franchisee shall record all sales on a cloud-based point of sale and payments processing system designated and approved by Franchisor in the Manuals or otherwise in writing (“Point of Sale System”), which shall be deemed part of the Franchisee’s Computer System.

Item 11

You must provide us with independent access to your Computer System in the form and manner that we may request.

Item 6

We may require that you complete refresher and additional training programs, and we may offer the programs on a voluntary basis.

Franchise agreement

the person holding a controlling interest in Franchisee and its Designated Principal (if different) are required to register for and attend the convention annually in accordance with Franchisor’s policies.